Average Rent in 77040, Houston, TX

Current Versus Historical 77040, Houston, TX Rents

77040 rentals average $0 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $18 (2.36%) year-over-year from $749 to $767. 1-bedroom rentals prices have increased by $205 (20.72%) year-over-year from $989 to $1,194. 2-bedroom rentals prices have increased by $462 (39.56%) year-over-year from $1,169 to $1,631. 3-bedroom rentals prices have increased by $183 (10.05%) year-over-year from $1,817 to $2,000. 4-bedroom rentals prices have decreased by $133 (-5.04%) year-over-year from $2,633 to $2,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 3.59% this month. 2-bedroom rents have gone up by 18.52% this month. 3-bedroom rents have gone up by 7.07% this month. 4-bedroom rents have gone up by 0.37% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.25	$1,194	$989 (20.72%)	$1,392 (-14.24%)
2 BR	$1.28	$1,631	$1,169 (39.56%)	$1,356 (20.28%)
3 BR	$1.16	$2,000	$1,817 (10.05%)	$1,671 (19.70%)
4+ BR	$1.39	$2,500	$2,633 (-5.04%)	$2,081 (20.12%)

Historical Rents in 77040, Houston, TX

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 77040

There are a total of 17 cities nearby 77040. The average rent in 77040 is currently $1,898 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that Huntsville, TX, with an average rent of $1,300, is the most affordable city nearby. In contrast, the most expensive city near 77040, Houston, TX is The Woodlands, TX. Monthly rents here are on average $2,500 per month.

Let's compare 77040, Houston, TX's rent against other top cities nearby by bedroom size. One bedrooms are about 14.82% more affordable. Two bedrooms in 77040, Houston, TX are about 38.40% more affordable. Finally, rent for three bedrooms are about 1.98% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near 77040, Houston, TX in the following chart.

City	Studio	1 Bed	2 Bed	All
Pasadena, TX	$1,700	$925	$1,287	$1,300
Conroe, TX	N/A	$1,100	$1,375	$1,634
Houston, TX	$1,236	$1,291	$1,710	$1,800
Spring, TX	N/A	$1,319	$1,595	$1,900
Atascocita, TX	N/A	$1,613	$2,020	$2,150
Fulshear, TX	N/A	$1,744	$2,114	$2,190
Sugar Land, TX	N/A	$1,800	$1,850	$2,225
Pearland, TX	N/A	$1,243	$1,685	$2,250
Missouri City, TX	N/A	$1,264	$1,604	$2,313
The Woodlands, TX	$1,598	$1,284	$1,850	$2,500

Top Neighborhoods Near 77040

There are a total of 46 neighborhoods in or near 77040. Some of these neighborhoods include Greater Greenspoint, Sharpstown, and Westchase. We've included the top 30 neighborhoods out of 46 total neighborhoods in or near 77040, Houston, TX in the following chart.

The average rent for these 30 neighborhoods in or near 77040, Houston, TX is currently around $1,839 per month. A total of 22 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $1,839. Interestingly, the neighborhoods' average rent is higher than 77040's average rent, which is only $1,800. Out of all the neighborhoods in or near 77040, Greater Greenspoint has the most affordable average rent at $963 per month. Whereas, at $2,846 average rent per month, The Museum District is the most expensive neighborhood in or near 77040. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Greater Greenspoint, Houston, TX	$1,015	$749	$958	$963
Sharpstown, Houston, TX	$671	$969	$1,300	$1,300
Westchase, Houston, TX	$900	$993	$1,400	$1,333
Clear Lake, Houston, TX	N/A	$1,025	$1,375	$1,399
Greater Fondren Southwest, Houston, TX	N/A	$883	$1,263	$1,400
Astrodome, Houston, TX	N/A	$1,000	$1,550	$1,400
Alief, Houston, TX	N/A	$921	$1,300	$1,500
Woodlake - Briar Meadow, Houston, TX	$787	$1,129	$1,588	$1,550
Braeswood Place, Houston, TX	$1,078	$1,350	$2,060	$1,612
Kingwood, Houston, TX	N/A	$1,200	$1,496	$1,632
Eldridge - West Oaks, Houston, TX	$897	$1,168	$1,592	$1,675
Southbelt - Ellington, Houston, TX	$5,350	$871	$1,176	$1,700
Greenway - Upper Kirby, Houston, TX	$1,351	$1,369	$2,000	$1,750
Neartown - Montrose, Houston, TX	$1,145	$1,457	$2,337	$1,828
Fourth Ward, Houston, TX	N/A	$1,426	$1,955	$1,849
Great Uptown, Houston, TX	$1,376	$1,446	$1,950	$1,850
Energy Corridor, Houston, TX	$965	$1,130	$1,850	$1,880
Midtown, Houston, TX	$1,386	$1,571	$2,105	$1,890
Spring Branch West, Houston, TX	N/A	$1,119	$1,500	$1,907
University Place, Houston, TX	$1,200	$1,434	$1,973	$1,950
Grogan's Mill, The Woodlands, TX	N/A	$1,298	$1,794	$2,150
Washington Avenue - Memorial Park, Houston, TX	$1,348	$1,650	$2,270	$2,189
Oak Forest - Garden Oaks, Houston, TX	$1,601	$1,054	$1,473	$2,200
Briarforest, Houston, TX	$833	$1,198	$2,260	$2,200
Memorial, Houston, TX	$1,303	$1,509	$2,300	$2,225
Spring Branch Central, Houston, TX	$1,154	$980	$1,654	$2,300
Acres Home, Houston, TX	$1,850	$1,023	$1,200	$2,350
Greater Heights, Houston, TX	$1,509	$1,325	$2,250	$2,400
Downtown Houston, Houston, TX	$1,531	$1,910	$3,249	$2,500
The Museum District, Houston, TX	$1,208	$1,910	$2,884	$2,846

Top Counties Near 77040

There are a total of 46 counties located by 77040, Houston, TX. Some of these counties include Pasadena, TX, Houston, TX, and Southeast Montgomery, TX. The average rent for rentals in these counties is $1,875. That's roughly around $1 per sqft. A total of 10 counties have a lower average rent. The county that is the most affordable is Pasadena, TX. It's average rent per month is $1,269. Vice versa, with an average rent of $2,550, Fulshear-Simonton, TX is the most expensive county by 77040, Houston, TX.

Typically, rent for studios in 77040, Houston, TX is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 77040, Houston, TX is 1.20% more expensive than other counties nearby. Finally, rent for two bedrooms in 77040, Houston, TX is 28.30% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Pasadena, TX	$1,700	$913	$1,189	$1,269
Houston, TX	$1,243	$1,285	$1,700	$1,875
Southeast Montgomery, TX	$1,598	$1,199	$1,496	$1,995
Northwest Harris, TX	$1,703	$1,117	$1,460	$2,100
Northeast Harris, TX	$1,925	$967	$1,400	$2,100
Magnolia, TX	$2,300	$1,030	$1,287	$2,111
Rosenberg-Richmond, TX	$5,413	$1,345	$2,100	$2,115
Stafford-Missouri City, TX	$1,483	$1,348	$1,498	$2,300
Sugar Land, TX	N/A	$1,465	$1,835	$2,384
Fulshear-Simonton, TX	$2,500	$1,709	$2,110	$2,550

Top Zipcodes Near 77040

There are a total of 50 zipcodes in or near 77040, Houston, TX. The average rent for all of these zipcodes is $1,950. A total of 17 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 77060, Houston, TX at $950 per month. In comparison, the zipcode with the most expensive average rent of $2,785 per month is 77433, Northwest Harris, TX.

Studios in these zipcodes have an average rent of $894. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 77040, Houston, TX is $1,212 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,677 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 77040, Houston, TX. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
77007, Houston, TX	$1,439	$1,641	$2,249	$2,164
77006, Houston, TX	$1,195	$1,440	$2,443	$1,755
77077, Houston, TX	$897	$1,198	$1,592	$1,899
77027, Houston, TX	$1,489	$1,335	$1,978	$1,856
77002, Houston, TX	$1,456	$1,765	$2,754	$2,103
77845, College Station, TX	N/A	$648	$1,150	$2,100
77056, Houston, TX	$1,274	$1,541	$2,100	$1,931
77019, Houston, TX	$1,654	$1,577	$2,325	$1,950
77494, Fulshear-Simonton, TX	N/A	$1,386	$1,691	$2,600
77098, Houston, TX	$1,303	$1,432	$2,022	$1,950

Frequently Asked Questions - 77040 Average Rents

What is the average rent price in 77040, Houston, TX?

The average monthly rental price for 77040, Houston, TX apartments for rent is approximately $1,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 77040, Houston, TX rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 77040, Houston, TX.

How much is a studio apartment in 77040, Houston, TX?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 77040.

How much is a one bedroom apartment in 77040, Houston, TX?

The average monthly rental price for one bedroom apartments is $1,043 and an average price per square feet of $1.25. There are a total of 6 one bedroom apartment listings currently available for rent in 77040.

How much is a two bedroom apartment in 77040, Houston, TX?

The average monthly rental price for two bedroom apartments is $1,138 and an average price per square feet of $1.28. There are a total of 11 two bedroom apartment listings currently available for rent in 77040.

How have rent prices in 77040, Houston, TX changed this year?

Rent prices for rentals in 77040, Houston, TX can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by 0.21%, two bedroom rental prices have changed by 0.40%, and three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in 77040, Houston, TX?

A reasonable rent price in 77040, Houston, TX is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.